Economic Development InsightsThe Ady Advantage: Strategy Matters

 

Operation Mixer: Manufacturing Matters! 2015 Conference

By Janet Ady, President/CEO Ady AdvantageA couple of weeks ago, my brother and I were visiting my mother. She mentioned that her beloved KitchenAid mixer wasn’t working quite right. She was clearly distraught (but trying not to be needy). Legions of church ladies were going to be going without baked goods unless we could get her […]

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AS I SEE IT: Supply Chain and Other Opportunities Abound in Local Foods

By Janet Ady, President/CEO Ady AdvantageAccording to Pitch Book, a private financial database, close to $570 million in venture capital has been invested in the past five years in companies that produce food for consumption or prepared foods, with the number of deals involving start-up food makers growing to 36 in 2014 from 13 in 2011.A […]

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AS I SEE IT: Preparedness (and Ribs) In a Competitive Recruitment World

By Janet Ady, President/CEO Ady AdvantageIt’s always insightful to gain an understanding of why companies choose the locations they do for expansion projects. This article tells the story of how Polaris decided to locate its new 600,000 square foot advanced manufacturing facility, along with distribution and R&D, ended up in Huntsville, Alabama. Some observations:The Polaris team looked […]

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AS I SEE IT: Do You Know Where Your Jobs Are Coming From?

By Janet Ady, President/CEO Ady AdvantageIf there is one thing that economic development directors wish they could communicate to their boards, it’s this: Most jobs and investment do NOT come from relocating companies.  Most jobs and investment come from retaining and expanding businesses that are already in the area, especially manufacturing companies which tend to have […]

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AS I SEE IT: BRE + Workforce Development Is a Perfect Match

A colleague of mine teaches through the OU-EDI program.  He shared this with me: “While my #1 driver is workforce for BRE, I have found that over the years, when the class worked in teams on a case history to develop a new BRE program, they rarely had a workforce component. This year all seven teams […]

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AS I SEE IT: The Truths of Economic Development Today

The recent article in Fortune magazine details the long, stop-and-go negotiations that resulted in the $1.4 billion announcement that Nevada would be the future home of Tesla’s gigafactory. And more importantly, the story highlights some key truths of economic development today.The field of business recruitment is more competitive than ever. Tesla gained $1.4 billion in incentives, a […]

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AS I SEE IT: Risk Mitigation – Implications for EDOs

One of the three big megatrends in economic development is, simply, risk mitigation. While this trend itself is not new – my dad, renown site selector Bob Ady – first started talking about it years ago. What has changed, though, are the implications for EDOs.In a nutshell, the prudent economic development professional has to be […]

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AS I SEE IT: What Have You Done for Me Lately?

Business retention and expansion (BRE) has an image problem. I’ve been told it can be hard to fire up your Board with (yawn) more BRE successes. Five jobs here, ten jobs there. While that’s all good and fine, they say, where is the NEW company that you are going to bring here?Such is the dilemma […]

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AS I SEE IT: Megatrends in Site Selection

The more things change, the more they stay the same, or so the saying goes. I like to step back every couple of years to look at the site selection process – what’s changed, and what hasn’t. In this 2015 Trends update, the thing that HASN’T changed is that it is still basically a process […]

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AS I SEE IT: Critical Components for New Regions

By Janet Ady, President/CEO Ady AdvantageYou’ve heard me talk about the increasingly important role of regional groups in economic development. I’ve had the pleasure of working with quite a few regions and their leadership during their formative and early years. I recently interviewed five leaders who have been through the experience of starting up (or repositioning) […]

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